Date
04.17.24
One Equity Partners Completes Acquistion of Ballymore Safety Products
*Opportunity to Accelerate the Development and Delivery of Innovative Worker Safety and Productivity Solutions *
One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed its acquisition of Ballymore Safety Products (“Ballymore” or “the Company”), a leading designer, distributor, assembler and manufacturer of engineered lifting, material handling, and safety related products that facilitate the movement of people and goods throughout warehouses, factories, last-mile delivery, and retail locations throughout North America.
Based in Coatesville, Pa., Ballymore designs, develops, and manufactures highly engineered safety products that address safety and productivity issues related to vertical access and heavy material handling. The Company offers a broad suite of products and services, including rolling safety ladders, lifts, work platforms, fall protection systems, portable loading docks, lift tables, conveyors, stackers, and reach tools. This equipment is most commonly used in retail and industrial environments. The Company operates six facilities in the U.S. and has approximately 270 employees.
“Companies are increasingly looking for innovative technologies and solutions that ensure worker safety and enhance productivity,” said Steve Lunau, Partner, One Equity Partners. “Ballymore has a longstanding reputation, developed organically and through strategic M&A, for developing and delivering high quality and innovative workplace solutions. This investment exemplifies OEP’s focus on identifying strong businesses with significant growth potential that can serve as a platform for growth through transformational M&A.”
“We are excited to work with One Equity Partners as we look to continue growing our operations and enhance our product set,” said Bill Frame, President & CEO of Ballymore Safety Products. “OEP has significant experience investing in industrial manufacturing companies, and we look forward to partnering to grow Ballymore into a true market leader.”
“This industry is experiencing tailwinds from the re-shoring of industrial activity in the U.S. and an increased focus on employee safety for a workforce,” added Mario Ancic, Principal, One Equity Partners. “Together, these dynamics create an opportune market environment to support Ballymore’s growth as companies seek to enhance employee retention, drive productivity, and limit time loss due to injury.”
Financial terms of the private transaction were not disclosed.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
About Ballymore Safety Products
Ballymore Safety Products, since its inception, has been known for making custom access stands, platforms and systems. Today, over 1800 distributors turn to Ballymore for their conventional and special access needs. Throughout the years, Ballymore's reputation for high quality equipment manufactured in steel, aluminum, and stainless steel has resulted in contracts with major corporations, including household retailers and industrial producers and suppliers. Learn more at www.ballymore.com
